Thurston Springer Miller Herd & Titak Inc. Has $184,000 Stock Position in Welltower Inc. (NYSE:WELL)

Thurston Springer Miller Herd & Titak Inc. cut its stake in shares of Welltower Inc. (NYSE:WELL) by 32.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,463 shares of the real estate investment trust’s stock after selling 714 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Welltower were worth $184,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Federated Hermes Inc. grew its position in shares of Welltower by 18.7% during the 2nd quarter. Federated Hermes Inc. now owns 9,337 shares of the real estate investment trust’s stock worth $973,000 after purchasing an additional 1,470 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Welltower by 4.9% during the second quarter. Envestnet Asset Management Inc. now owns 506,104 shares of the real estate investment trust’s stock valued at $52,761,000 after purchasing an additional 23,704 shares in the last quarter. Edgestream Partners L.P. increased its stake in shares of Welltower by 142.4% in the 2nd quarter. Edgestream Partners L.P. now owns 6,155 shares of the real estate investment trust’s stock valued at $642,000 after purchasing an additional 3,616 shares during the last quarter. Wealth Alliance acquired a new position in shares of Welltower during the 2nd quarter worth $217,000. Finally, Mercer Global Advisors Inc. ADV lifted its position in shares of Welltower by 3.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 72,446 shares of the real estate investment trust’s stock worth $7,552,000 after buying an additional 2,602 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Up 1.7 %

Shares of NYSE:WELL opened at $128.73 on Friday. Welltower Inc. has a 1 year low of $85.40 and a 1 year high of $140.75. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The business’s 50-day moving average is $130.78 and its 200-day moving average is $124.08. The company has a market capitalization of $80.16 billion, a price-to-earnings ratio of 84.69, a P/E/G ratio of 2.52 and a beta of 1.22.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. Welltower’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.92 earnings per share. Equities research analysts predict that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were paid a $0.67 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 annualized dividend and a dividend yield of 2.08%. Welltower’s dividend payout ratio is presently 176.32%.

Analyst Upgrades and Downgrades

WELL has been the subject of a number of research analyst reports. Raymond James upped their price objective on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and raised their price objective for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Mizuho raised their price target on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, Scotiabank boosted their price objective on shares of Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Welltower presently has an average rating of “Moderate Buy” and a consensus target price of $127.63.

About Welltower

Welltower Inc (NYSE:WELL), a real estate investment trust (“REIT”) and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.